Leete Inc. reported the following results from last year's operations:   Sales$14,000,000Variable expenses 9,660,000Contribution margin 4,340,000Fixed expenses 2,940,000Net operating income$1,400,000?Last year's margin was closest to:

A. 20.0%
B. 79.0%
C. 10.0%
D. 31.0%


Answer: C

Business

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